CHINA: Tingyi eyes bottled water crown

By | 4 December 2006

Chinese food giant Tingyi Holdings is looking to more than double its sales of bottled water in the next three years.

The company, which holds 12.4% of China's bottled water market is eyeing a 30% share by 2009, according to Hong Kong-based newspaper The Standard.

"We aim to become the leader in bottled water next year and boost our market share to 30% between 2008 and 2009," CFO Frank Lin told the newspaper.

Chinese drinks group Wahaha, owned by France's Groupe Danone, leads the bottled water segment.

Tingyi, which operates in a number of food segments, saw its beverage sales account for over half of revenues during the first nine months of the year. The company already leads China's ready-to-drink tea segment with a market share of 50%.

Sectors: Soft drinks, Water

Companies: Wahaha, Groupe Danone

View next/previous articles

Currently reading -

CHINA: Tingyi eyes bottled water crown

There are currently no comments on this article

Be the first to comment on this article

Related articles

FRANCE: Danone approves two-for-one share split

Groupe Danone has approved the division by two of the nominal value of its shares.

CHINA: Authorities seize Danone's Evian shipment

Groupe Danone has clarified its position over the discovery of excess bacteria levels in a shipment of its Evian bottled water to China.

FRANCE: Danone confused by Wahaha disappointment claim

Groupe Danone has reacted in confusion to press reports suggesting it is unhappy with the targets made by its Chinese joint venture.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page